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AUD/USD’s fall from 0.6870 resumed and accelerated to as low as 0.6524 last week, then recovered. Initial bias remains neutral at this week for consolidations. But further decline is expected as long as 0.6639 support turned resistance holds. Firm break of 0.6524 support will argue that whole rebound from 0.6269 has completed, and bring deeper […]

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19/03/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 148.93; (P) 149.13; (R1) 149.35; More… USD/JPY’s rally from 146.47 continues today and intraday bias stays on the upside for retesting 150.87/89 key resistance. Decisive break there will confirm larger up trend resumption. Next near term target will be 61.8% projection of 140.25 to 150.87 from 146.47 at 153.03. On the downside, […]
12/09/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2993; (P) 1.3052; (R1) 1.3103; More… The break of 1.3043 resistance turned support confirms short term topping at 1.3265. Intraday bias in GBP/USD is now on the downside for 55 D EMA (now at 1.2949). Sustained break there will bring deeper fall to 1.2664 key support. On the upside, above 1.3111 minor […]
09/01/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3327; (P) 1.3366; (R1) 1.3387; More… While USD/CAD is losing upside momentum, further rise remains mildly in favor with 1.3286 minor support intact. Current rise from 1.3176 short term bottom would target 38.2% retracement of 1.3897 to 1.3176 at 1.3451. Firm break there will pave the way to 61.8% retracement at 1.3622. […]